MarketsFarm — Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government has stated there have been no export issues outside of canola. “The current actions taken by China are limited to canola seed, and we have not received any indication of […] Read more
Views differ on crop exports to China other than canola
Canola fund short position edges down, but still large
MarketsFarm — The large speculative short position in ICE Futures canola contracts only saw a minor adjustment during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators […] Read more
ICE weekly outlook: Canola hinges on iffy U.S.-China deal
MarketsFarm — Canola contracts one the ICE Futures platform held within a narrow range during the week ended Wednesday, waiting for a catalyst to push futures one way or the other. To Errol Anderson of ProMarket Communications in Calgary, canola’s path is connected to a trade deal between the U.S. and China, which be a […] Read more
CBOT weekly outlook: Markets brace for weather, trade war
MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more
USDA raises corn stocks projections, lowers soybeans
MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion bushels, in […] Read more
Feed weekly outlook: Corn acreage predicted to be flat
MarketsFarm — Experts predict corn acreage will be flat in Western Canada in 2019. While flooding remains a concern to many this spring, years of dry summers have impacted soil conditions to the point where a wet spring may be a welcome reprieve. “I’m more concerned about how much moisture we will have gained because […] Read more
Soybean acreage remains a question mark for 2019
MarketsFarm — Experts expect soybean acreage to decrease across Canada this year, though the jury is still out as to how much it will drop. In its principal crop acreage report published March 21, Agriculture and Agri-Food Canada predicted that area planted to soybeans would decrease by three per cent across the country based on […] Read more
China’s battle against Canadian canola looms over soy
MarketsFarm — As headlines are transfixed with China’s ongoing dispute with Canada, some are concerned soybeans will receive the same treatment as canola. “We’ll still use quite a few soybeans in this country as it is,” said Dale McManus, a grain broker with Johnston’s Grain at Welwyn, Sask. However, he clarified, “everything you’re watching about […] Read more
U.S. grains: Wheat edges lower on profit-taking
New York | Reuters — U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Soybean and corn futures fell on technical selling. Chicago Board of Trade May wheat dropped 1/4 cent […] Read more
Monthly Canadian canola crush well below average
MarketsFarm — Canada’s monthly canola crush hit its lowest level in 1-1/2 years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average over […] Read more
Cyber-Savvy Farmer
